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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following is a reconciliation of net earnings of Flowserve Corporation and weighted average shares for calculating net earnings per common share. Earnings per weighted average common share outstanding was calculated as follows:
 
Three Months Ended June 30,
(Amounts in thousands, except per share data)20242023
Net earnings of Flowserve Corporation$72,616 $51,203 
Earnings attributable to common and participating shareholders$72,616 $51,203 
Weighted average shares:  
Common stock131,612 131,133 
Participating securities44 38 
Denominator for basic earnings per common share131,656 131,171 
Effect of potentially dilutive securities759 639 
Denominator for diluted earnings per common share132,415 131,810 
Earnings per common share:  
Basic$0.55 $0.39 
Diluted0.55 0.39 
Six Months Ended June 30,
(Amounts in thousands, except per share data)20242023
Net earnings of Flowserve Corporation$146,836 $77,970 
Earnings attributable to common and participating shareholders$146,836 $77,970 
Weighted average shares:
Common stock131,538 131,010 
Participating securities45 41 
Denominator for basic earnings per common share131,583 131,051 
Effect of potentially dilutive securities809 731 
Denominator for diluted earnings per common share132,392 131,782 
Earnings per common share:
Basic$1.12 $0.59 
Diluted1.11 0.59 
Diluted earnings per share above is based upon the weighted average number of shares as determined for basic earnings per share plus shares potentially issuable in conjunction with stock options and Restricted Shares.